2026-10-21 09:15:06 am | Source: Religare Broking Ltd
Daily Derivative Report - 21st October 2026 by Religare Broking Ltd
Market Outlook
The Indian market witnessed a negative session following last week’s robust recovery, with the benchmark Nifty50 index declined by more than one percent and settle near the 22,900 zone. On the derivatives front, the October series’ ending OI data indicated fresh call writing at the 23,000 strike, highlighting an immediate overhead resistance. Meanwhile, the 22,900 zone remains a crucial make-or-break level, supported by significant put OI and the 20-DEMA. A sustained hold above this support could help preserve the near-term positive bias, with potential call unwinding pave the way towards the 50-DEMA zone near 23,300.
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